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Textile Testing, Inspection and Certification (TIC) Market Worth $7,221.01 Million by 2020


News provided by

MarketsandMarkets

30 Jul, 2015, 15:00 GMT

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VANCOUVER, Washington, July 30, 2015 /PRNewswire/ --

According to a new market research report "Textile Testing, Inspection and Certification (TIC) Market by Application (Textile Testing, Textile Inspection, Textile Certification, & Toys), and Geography - Global Forecast to 2020", published by MarketsandMarkets, the Testing, Inspection, and Certification (TIC) Market is expected to reach $7,221.01 Million by 2020, growing at a CAGR of 4.6% between 2015 and 2020.

Browse 58 market data Tables and 50 Figures spread through 130 Pages and in-depth TOC on "Textile Testing, Inspection and Certification (TIC) Market"

http://www.marketsandmarkets.com/Market-Reports/textile-testing-inspection-certification-market-113497801.html
Early buyers will receive 10% customization On this report.

There has been a growing demand for testing, inspection, and certification (TIC) services in the textile sector due to the rising demand for quality and standard textile products. TIC services for textile sector comprise textile testing, textile inspection, and textile certification. Textile testing is used for testing raw materials, monitoring production, assessing the final product, and investigation of faulty material among others. Textile inspection includes visual verification (labeling and packaging) and examining the raw materials and partially finished materials of textiles. Certifications for textile products ensure that manufacturers followed the standards and quality & safety norms during the production of textile products.

Ask for PDF brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=113497801

The Testing, Inspection, and Certification (TIC) Textile Market is growing due to factors such as the reduction in the cost burden incurred by textile manufacturers because of outsourcing of TIC services, increase in the world wide trading of textiles, technological innovations in the textile sector, and others. However, textile products take a longer time to get approved in the overseas market, which could hamper the growth of the TIC textile market.

The report provides a detailed insight into the TIC market which has been segmented on the basis of textile application and geography. The said market has been segmented based on textile applications as textile testing, textile inspection, textile certification, and toys. The market for textile testing has been further segmented into chemical testing (harmful substances), color fastness test parameters, physical test parameters, and others. The textile testing segment held the highest share in the overall Textile Testing Market segmented based on textile application, in 2014, due to the implementation of stringent regulations laid down by the Consumer Product Safety Improvement Act, which aims to ensure the quality and safety of textile products.

One of the objectives of the report was to analyze the market trends for various segments of The Testing, Inspection, and Certification (TIC) Market along with, forecasting their respective growth rates. Moreover, Porter's five forces analysis, supply chain analysis, and market dynamics of the TIC market are also included in this report. The market dynamics comprise the drivers, restraints, opportunities, and challenges for the said market.

The testing, inspection, and certification market has been segmented based on geography into four regions which include North America, Europe, APAC, and Rest of the World (RoW). The report also estimates the market-size of the said regions.

This report profiles the major players which are active in the TIC market. The key players profiled in the report are SGS Group (Switzerland), Bureau Veritas SA (France), Intertek Group Plc (U.K.), TUV SUD Group (Germany), TÜV Rheinland Group (Germany), AsiaInspection Ltd (Hong Kong), British Standards Institution (BSI) Group (U.K.), Centre Testing International (CTI) (China), Hohenstein Institute (Germany), SAI Global Ltd (Australia), TESTEX AG (Switzerland), and Eurofins Scientific (Luxembourg).

Browse Related Reports 

Aerospace & Life Science Testing Certification Market by Application; Aerospace (Airframe, Avionics, Rotor System, PSU, Lighting), Life Sciences (Healthcare, Agriculture, Pharma, Medical, Personal Care, Environmental), and Geography - Global Forecast to 2020

http://www.marketsandmarkets.com/Market-Reports/certificate-testing-market-32924426.html

Testing, Inspection and Certification (TIC) Market by Application; Petroleum, Environmental Compliance, Consumer Products, Agriculture, & Mining, and Geography - Forecast to 2020

http://www.marketsandmarkets.com/Market-Reports/testing-inspection-certification-market-5352498.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

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